Bitcoin - Ethereum closed the monthly line, non-farm payrolls paused interest rate hikes and released positive news, can there still be a surge later?

Last night's non-farm payroll data showed a decrease in the number of employed people, while the unemployment rate was also lower than expected, which is a cold-shock type of all-round bearish for the US dollar index, and the data perfectly locked the Federal Reserve from moving in the short term!

Employment cooling = no need to rush to raise interest rates, economic resilience still there = no reason to cut rates at all, so basically maintaining interest rates unchanged. This non-farm data fell significantly short of expectations, with employment data visibly cooling, directly crushing the market's rate hike expectations. The Fed will likely not raise rates this year, and monetary policy tension has slightly rebounded

The start of July performed stronger than expected, with the market rebounding and recovering for two consecutive days, and overall sentiment clearly warming up. Especially Ethereum, which directly challenged the daily resistance level yesterday, with gains nearly twice that of Bitcoin, mainly driven by a rapid rise of about 3% in the BTC/ETH exchange rate. Short-term funds began to tilt towards the second cake. Looking back, last night's Ethereum gains indeed surpassed those of the big cake. For a structural effective reversal, the big cake's rebound pattern must be able to break through the key resistance of 63500. Only then can the upward movement of Ethereum's daily line be judged as effectively continuing

From a technical perspective, the EMA moving average system remains in a bearish alignment, and the MACD is still operating below the zero axis, indicating that the medium to long-term bearish structure has not changed. Currently, it is more of a technical repair after oversold conditions. In terms of range structure, it is still mainly about selling high and buying low!

Last night, after adding to the short position in the big cake, there was also nearly 500 points of space. For the short position, it was just a short-term double profit. Before the market opened, the suggestion was to add shorts on a pullback to 62200, and add shorts in Ethereum at 1720. In terms of the triangle pattern, it was completely seamless. The intraday scenario remains unchanged for now

Big cake short at 62000-62300, add shorts on the daily pullback to the 63000 area, stop loss at 63550, look for a pullback to 61000-60300. If it breaks below 6w, look for a rebound around the 59700 area. Specific intraday real-time adjustments are based on actual trading!

Ethereum short at 1730-1730 simultaneously, target 1680-1630, if it breaks 1600, place a batch of long positions...

Keep it short, focus on the Jiu Ling trading system, seize stable trends #ETH突破1700 $BTC